108-18 Queens Boulevard 4th Floor, Suite 3, Forest Hills, New York 11375
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Chapter 13 Bankruptcy Attorney in Queens

A solid reputation for debt reorganization in New York City and Long Island

If you are on the edge of disaster financially but you still have a job or some other income and can pay part of your debt, Chapter 13 bankruptcy might be right for you. A debt repayment plan could get you back on sound footing.

At Mark E. Cohen, Esq., I help you sift through the possible paths to financial recovery and get you on the right one. While bankruptcy is complex, you do not have to go it alone.

What you need to know about Chapter 13 bankruptcy in Queens

Chapter 13 bankruptcy was designed for people with regular incomes that are insufficient to cover their debt. Under Chapter 13, your debt is consolidated and you pay back a percentage of the debt over three to five years. The repayment plan is overseen by a court-appointed trustee.

Another option is Chapter 7 bankruptcy. It involves liquidation and distribution of assets to creditors with most debts discharged at the end of the process. Some distinct differences dictate whether Chapter 7 or Chapter 13 is right for you.

When filing for Chapter 13 in Queens, I include a proposed plan to pay all priority claims against you, including taxes, in full. Once the bankruptcy court appoints a trustee, who approves your plan, your creditors receive and have the right to accept or reject it. If it is approved, you make monthly payments to the bankruptcy trustee, who then distributes the funds to your creditors according to your plan. I devise sound debt consolidation plans that aim to avoid conflict and delays from your creditors.

Chapter 13 bankruptcies can be useful if you face foreclosure, repossession of a vehicle or wage garnishment. It also protects you from annoying calls from relentless creditors.

Real help with debt relief in Queens when you need it most

In my more than 20 years of bankruptcy law practice, I have seen every situation. My experience and knowledge give me a valuable perspective of the process. At each stage, I ensure you understand what is happening and provide a workable strategy for getting through it. I strive to give you confidence in your decisions and eliminate your apprehension.

To ease the stress of overwhelming debt, call a Queens Chapter 13 bankruptcy lawyer

All too often, good people find themselves in financial trouble that quickly spirals out of control. For more than 20 years, I have helped people like you understand the available options, make informed decisions and navigate through the complex process of filing for bankruptcy.

Located on Queens Boulevard in Forest Hills, I offer a wide range of services to individuals and families suffering from the weight of debt. Call Mark E. Cohen, Esq. at 718-487-9979 or contact me online to schedule a free consultation.

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